RL165 — 2023 Market and Economic Update

In this episode of the Retirement Lifestyle Show, Eric Olson, Roshan Loungani and Adrian Nicholson go through recent updates in employment numbers, inflation, and interest rates. They discuss what to expect from the current investment landscape and how investors can use this information to make concrete investment decisions. Listen now to learn more about 2023 Market and Economic Update.

[00:00] Introduction

[02:31] News From the Bureau of Labor and Statistics

[07:56] How High-Interest Rates Lower Money Supply

[11:10] Relationship Between Inflation and Interest Rates

[14:20] Recession Risk and Mixed Signals

[16:22] How Markets Respond to Good News

[21:18] Thoughts on a Possible Recession

[25:21] Why You Need to be Adding Money to the Markets

[27:10] Should You Take Money Out of the Markets?

[32:45] Profit Forecasts

[37:20] Strongest Performers in the Markets

[42:12] Morningstar’s Second Quarter Outlook

[45:26] The Benefits of Having a Diversified Portfolio

[47:20] Banking Risk and the Banking Crisis

[51:30] Current State of the Federal Reserve

[54:23] Parting Thoughts

To read the Full Show Notes scroll down or click here.

Roshan Loungani can be reached at roshan.loungani@aretewealth.com or at 202-536-4468.
Erik Olson can be reached at erik.olson@aretewealth.com or 815-940-4652.
Adrian Nicholson can be reached at adrian.nicholson@aretewealth.com or at 703-915-8905

Listen now to learn more about 2023 Market and Economic Update.

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Full Show Notes:

Labor Force and Employment Numbers in 2023

In 2022, the US labor markets remained stubbornly tight even though the Federal Reserve raised interest rates rapidly to cool demand and tame inflation. In 2023, the demand for workers is unusually strong, but what’s even more interesting is the aggregate hours worked monthly. Eric reveals that there is currently a 0.1% decline. So, if people are hiring more then it’s obvious that there’s more to be done – and you’d likely see the aggregate hours worked rise along with all the hiring happening. Yet the total number of hours being worked is decreasing. What does that imply? Maybe it implies that business owners realized they’ve been overtaxing their people by working crazy hours. And now they’re hiring more because the current workforce values having a little more work-life balance. However, it also might mean that there’s just less to be done.

Links and Resources:

Morningstar Second-Quarter 2023 Stock Market Outlook

Disclaimer Welcome, you are now listening to the retirement lifestyle show with Roshan Loungani Erik Olson and Adrian Nicholson. This show is an exploration of ideas to help you work towards your ideal retirement. Roshan Loungani and Erik Olson serve clients across the US. They offer financial planning and investment advice through Arete Wealth Advisors, LLC, an SEC registered investment advisor and securities through Arete Wealth Management LLC, member FINRA, SIPC, and NFA. Get ready for the financial independence of your dreams. All opinions expressed by podcast hosts and guests are solely their own are based on information they believe is reliable. Neither Arete Wealth nor its affiliates, warrants its completeness or accuracy, nor do their opinions reflect the opinion of Arete Wealth. This podcast is for general informational purposes only and should not be regarded as specific advice or recommendations for any individual. Before making any decisions consult a professional. Finally, our music is the chance by Jason Shaw and Audionautix. It’s part of the YouTube Audio Library and it’s licensed under a Creative Commons license.

Thank you for listening.

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